You have a valid concern… Most home buyers have this doubt. While recessions can sometimes lead to lower home prices, it’s not a guaranteed outcome. The relationship between economic downturns and the housing market can be complex and influenced by various factors.

During a recession, housing prices may decline due to factors such as decreased demand, job losses, and economic uncertainty. However, other factors can counteract these effects. For example, if interest rates are low, it might simulate demand and support home prices. Additionally, local market conditions, supply and demand dynamics, and government policies can all play a role in shaping the real estate market.

Waiting for a recession to buy a house is a strategy that carries risks. Real Estate markets can be unpredictable, and trying to time the market perfectly is challenging. It’s essential to consider your individual circumstances, long-term goals, and local market conditions when making decisions about buying a home.

Some potential downsides to waiting for a recession to buy a house include missing out on potential property appreciation during a non-recessionary period, as well as the opportunity cost of renting rather than building equity in a property.

Ultimately, it’s advisable to conduct through research, assess your financial situation, and consider working with a Real Estate professional to make informed decisions about buying a home, regardless of the economic conditions.